PERIOD OF CRISIS.

Horowhenua Chronicle, 28 August 1930, Page 5

PERIOD OF CRISIS.

FINANCIAL DISABILITIES.

SEVERE SACRIFICES TO BE FACED IN AUSTRALIA,

(By Telegraph-Press Assn.-Copyright.) '(Received This Day, 10.15 a.m.) PERTH ,This Day.

The Premier, Mr Mitchell, explained to Parliament how the Premiers’ Conference conclusions affected State finances. One of these was that no monijy could be expended until it was received! This would entail severe sacrifices.

SOUTH AUSTRALIA’S APPEAL FOR FEDERAL ASSISTANCE.

ECONOMY OF HARSHEST CHARACTER PREDICTED.

(Received This Day, 10.15 a.m.) ADELAIDE, This Day. The Premier, Mr Hill, informed Par-

liament of the grounds of his appeal for Commonwealth assistance. An important item was that the State must be reimbursed for the loss incurred owing to Federal policy. “We are faced with a deficit of £2,789,000 this year,” he said. “By a policy of retrenchment and economy of the harshest character, from which not even hospitals are exempt, and which would swell the menacing ranks of the unemployed to such a degree as to challenge the preservation of law and order, we will reduce the amount of £1,789,000, leaving a balance of £1,000,000. This is less than the disabilities inflicted upon us by Federation; and’ must be found by the Commonwealth if we are to put our signatures to the undertaking which Sir Otto Niemeyer has placed before us. We are the most heavily taxed of the States, showing that we honestly tried to meet our obligations. ’’

REPUDIATION UNTHINKABLE.

PROPOSAL THAT THREATENS TO SPLIT LABOUR PARTY. STATEMENT BY ACTING FEDERAL TREASURER. (By Telegraph-Press Assn.-Copyright.) (Received This Dav, 10.15 a.m.) SYDNEY, This Day. The Herald says that the Lang faction in the Australian Labour Party fears that the talk of repudiation of war debts and of the financial agreement reached at the recent Premiers’ Conference in Melbourne may adversely affect the party’s prospects at the State elections. Its efforts to secure rejection of the Labour Committee’s demand threaten to cause a split in the State Labour movement.

The Acting Federal Treasurer, Mr J. Lyons, speaking at Burnie (Tas.), sajid that the suggestion for the repudiation of debts could not be entertained for a moment.